Exports in April grew 12.6% from a year earlier to $57.69 billion, trade ministry data showed on Sunday, logging the slowest pace since February 2021 and missing a forecast for 14.5% growth in a Reuters' poll.Register now for FREE unlimited access to Reuters.comA breakdown by items showed exports of semiconductors, the country's top foreign exchange earner, jumped 15.8%, while petrochemical products rose 6.8%. Outbound shipments of oil and steel products jumped 68.8% and 21.
By destination, exports to China, South Korea's biggest trading partner, decreased 3.4%, while those to the United States and the European Union increased 26.4% and 7.4%, respectively. Imports, meanwhile, jumped 18.6% to $60.35 billion, with a combined $14.81 billion worth of imports of crude oil, gas and coal taking the lead. That brought the trade balance to a $2.66 billion deficit, after logging a $115 million deficit in March.Reporting by Joori Roh Editing by Chris ReeseSubscribe to our sustainability newsletter to make sense of the latest ESG trends affecting companies and governments.
This can be calculated by finding out If South Korea trades with North and after that find out what goes in and out off shore. both North and South.
Biden did it because of his unjust unprovoked undemocratic unilateral totalitarian autocratic sanctions but he is crying Putin did it and his stooges believe and get destroyed